In the absence of novel materials, the dollar/yen trades around 148 yen in a narrow range.

【2/7Market overview

Tokyo time, USD/JPY moved on the back of the intraday U.S.10year note yields, briefly slipping to147.71yen, but later buying interest pushed it back to around148.00yen. In European hours, on the rise in U.S.10year note yields, it rose to148.25yen.New Yorktime, on the decline in U.S.10year note yields, USD/JPY fell to147.61yen, then rebounded to around148yen.